Ethereum price continues to consolidate, but a fledgling technical pattern hints at an upcoming rally to $2,800.
Ether (ETH) price has struggled to find bullish momentum for months, with the altcoin demonstrating a mere 1% rise in October compared to Bitcoin’s (BTC) 14% return.
The perceived lack of interest from retail and institutional investors is also weighing on Ether price, with the ETH ETF witnessing $4.4 million in inflows on Oct. 30 compared to BTC ETF’s $893 million. That is a 0.49% share relative to its direct competitor.
Spot Bitcoin and Ethereum ETF inflows comparison. Source: X.com
